Attention on-grid miners based in US deregulated markets: check out the Compass Mining pod featuring Kam Tower about the role of #VirtualPowerPlants including #demandresponse in supporting the #grid, especially with the increasing demand from #DataCenters #AI #HPC. Thanks Jarrett Carpenter for having us on! 👇
This week, Kam Tower of CPower Energy joins the podcast to discuss the role of energy in Bitcoin mining, the importance of virtual power plants in balancing the grid, and the challenges and opportunities that a growing energy demand combined with a lagging energy supply will present. This episode touches upon the following themes and more: ⛏️⚡️ Virtual power plant development and working with various industries to monetize their flexibility and provide value to the grid. ⛏️⚡️ Bitcoin mining and other emerging industries like HPC and AI are increasing the demand for electricity, requiring more flexible and dynamic energy solutions. ⛏️⚡️ Curtailment is a sustainable and environmentally friendly way to balance the grid and reduce costs and emissions. ⛏️⚡️ The collaboration between energy and Bitcoin mining can lead to better power agreements, cost savings, and a more sustainable energy grid. ⛏️⚡️ Partnerships between miners and utilities, cooperatives, and municipalities are forming to balance the grid and lower costs for ratepayers. ⛏️⚡️ The US, particularly Texas, is a favorable location for Bitcoin mining due to its relatively cheap on-grid power. ⛏️⚡️ The grid is placing a premium on flexibility services, including virtual power plants, to optimize energy strategies and reduce costs. ⛏️⚡️ Bitcoin mining contributes to energy efficiency and environmental sustainability by avoiding the burning of coal and reducing CO2 emissions. To check out this episode today, please find a link below: 📺 YouTube - https://lnkd.in/ejDtTgxb 🎧 Spotify - https://lnkd.in/edrRjzKN 🎧 Apple Podcasts - https://lnkd.in/eUnNnzD2 #energy #virtualpowerplants #texas #bitcoinmining #bitcoin